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Old 03-21-2012, 09:25 PM   #15
NodePark

Join Date
Oct 2005
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500
Senior Member
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I can't open the link for some reason
The link still works for me.

And here's another: Formula One wheeling and dealing «

The other teams have a right to feel betrayed as Ferrari and Red Bull were members of the Formula One Teams’ Association and went through the motions of looking for a better way for the commercial side of the sport to be organised before swapping sides to feather their own nests. The collapse of any realistic collective bargaining means that the teams have once again been divided and will be conquered and will end up with a smaller share of the sport’s revenues than perhaps they should have had. Ecclestone is an unlikely boss for a quoted company as transparency has not always been his idea of how business should be done and while the stock exchange in Singapore might allow him a little more flexibility than London or New York, in terms of disclosure, the value would be less. At the moment there is a move to try to make F1 look as though it is worth $10 billion, but this seems like a lot of drum-banging.
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